Home > Stock Charts > JCPenney (JCP) Stock Price Slaps Back

JCPenney (JCP) Stock Price Slaps Back

Looks like the JCP stock price chart just got a little more interesting.

JCP Stock Price 3-27-12

JCP stock price just peeking out of descending price channel

JCP stock price is just peeking outside of the descending price channel and also right above the sell trigger line it had fallen through previously.

However, we’ll have to wait to see how the JCP stock price closes to better assess this chart.

Despite the nice bump up in price, JCP is nowhere near the Andrew’s Pitchfork that it fell out of a couple of weeks ago. The price would need to close above the blue 21-day exponential moving average on the price chart to convincingly indicate that the price will rise further.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

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